Bollinger Bands

[Kushal_Chawda]

Hi Qlikers,

This document demonstrates the Bollinger Bands.

Many traders use Bollinger Bands to determine overbought and oversold levels, selling when price touches the upper Bollinger Band and buying when it hits the lower Bollinger Band.

Components of Bollinger Bands

1) Avg Stock Price

    It's simple Avg of stock price.

2) Moving Avg of Stock Price

    It's Moving Avg of Stock price over last n Period

3) Upper Band

    Moving Avg of Stock Price + Std Deviation over last n Period * Std Deviation Multiplier

4) Lower Band

    Moving Avg of Stock Price - Std Deviation over last n Period * Std Deviation Multiplier

Note :

1) User can select the Moving period and Std Deviation multiplier by own.

2) When you see the Bollinger Band by week, you can choose the Moving period from 1 to 50.

3) When you see the Bollinger Band by month, you can choose the Moving period from 1 to 10.

4) You can input the Std Deviation multiplier from 0.01 to 4.

Please see the attached Application

If you liked this then also see

Benford's law‌

Control Chart

[#2]

Kushal Sir thanks for this.

[Anonymous]

useful information

[santiago_respane]

Excellent! Very interesting and useful.

Will try